Direct Selling Defense Fund Announced
The Direct Selling Defense Fund is a trust account by Coppersmith Brockelman and will be used for the legal defense of Vemma vs the FTC. (For corpoarte donations).
For private donations a second fund has been established by MCA Financial Group. (See below)
Cost for legal defense is estimated around $2 million….
Most large law firms in the United States bill between $200 and $1,000 per hour for their lawyers' time.
The danger for other Network marketing companies is the nature of the attack on Vemma. Vemma have been hit hard on auto-ship and auto-ship commission qualification a policy that has products automatically shipped to a distributor unless he or she opts out in advance.
Secondly the FTC attacks the binary compensation plan in a recent hearing, there fore the Direct Selling Industry is under attack.
Bob Proctor recently released this video:
If you want to support the industry defense this are the wire instructions:
For corporate donations:
Western Alliance Bank
6486 Highway 179 Ste 110
Sedona, AZ 86351
Beneficiary Bank Routing Number: 122105980
Beneficiary Name & Account Number: COPPERSMITH BROCKELMAN PLC 8010202607
For private donations:
A Direct Selling DefenseFund account has been established to receive funds that the depositors to the Fund desire be used to pay fees and expenses of legal counsel and other professionals who are providing (or will provide) services to the Defendants in connection with the Action, and related matters. The Fund is being administered by MCA Financial Group, Ltd. solely in an administrative capacity:
Account Name: MCA Financial Group – Direct Selling Defense Fund
Account Number: 8011119644
Account Address: 4909 N. 44th Street, Phoenix, AZ 85018
ABA/Routing Number: 122105980
Bank Name: Alliance Bank of Arizona, A Division of Western Alliance Bancorp
Bank Address: 2701 E Camelback Rd Ste 110 Phoenix, AZ 85016